ICICI Prudential Mutual Fund unveils Fixed Maturity Plan-Series 65-502 Days Plan C

Mutual Funds

oi-Sneha

By Sneha B K

Updated: Saturday, December 8, 2012, 12:34 [IST]

ICICI Prudential Mutual Fund has unveiled a new fund named as ICICI Prudential Fixed Maturity Plan-Series 65-502 Days Plan C, a close ended income scheme with the duration of 502 days.

The face value of the new issue will be Rs 10 per unit. The new issue will be open for subscription from 6 December 2012 and will close on 10 December 2012.

Objective of Scheme:

The investment objective of the Scheme is to seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme. However, there can be no assurance that the investment objective of the Scheme will be realized.

Minimum Application Amount:

Minimum application amount is Rs 5,000 & in multiples of Rs.10 thereafter. The minimum application amount applies to switch in transactions during New Fund Offer period also.

Options offered:

Presently, two options are available under the Plan viz. Cumulative and Dividend option. Dividend Payout is the only facility available under the Dividend Option.

Cumulative Option shall be the default option under the Scheme. Half yearly dividend frequency will be available for the Plan, subject to availability of distributable surplus.

Repurchase facility:

No redemption/repurchase of units shall be allowed prior to the maturity of this closeended Scheme. Investors wishing to exit may do so, only in demat mode, by selling the units through BSE Ltd. or any of the stock exchange(s) where the Scheme will be listed as the Trustee may decide from time to time.

Benchmark:

For this scheme it will be benchmarked to CRISIL Short Term Bond Fund Index.

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